Bagir has announced it has reached an agreement to be acquired by Shangdong Ruyi Technology Group. The partnership is expected to help the company win major contracts from the world’s largest retailers.
Bagir has announced it is in 'advanced negotiations' with a leading global textile manufacturer to form a strategic partnership, a move which could help the company remain competitive in the face of weakening revenue.
Tailoring group Bagir has seen a setabck in its turnaround plan as new production lines are happening more slowly than it hoped. But while the firm has warned on profits, it's upbeat and has won several new clients.